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Indian benchmarks posted a second straight week of gains, with the Nifty and Sensex rising after a sharp recovery. Investors will watch quarterly earnings from 35 companies on October 19, including Bajaj Finance, Hindustan Zinc, UltraTech Cement and IREDA, as markets are expected to remain volatile. View More

A broad upswing in consumer prices last month helps reinforce expectations for additional Federal Reserve interest-rate increases in the months ahead. View More

Inflationary pressures are mounting in the US, with fresh consumer and wholesale price data indicating costlier fuel is filtering through into higher prices for other goods and services. A broad upswing in consumer prices last month helps reinforce expectations for additional Federal Reserve interest-rate increases in the months ahead. Services prices excluding energy and rents registered a steep advance for a second month. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy, markets and geopolitics: US Bloomberg The energy shock is starting to spill across the US economy as businesses pass along rising costs, complicating the Fed’s task of stabilizing inflation. Two reports this week showed sharp price increases last month in categories including airfares, delivery services and trucking as wars overseas pushed oil prices higher. The grocery aisle has so far largely been spared, but economists see upside risks to food prices down the line as well. Bloomberg ExxonMobil Holdings Corp. is the latest oil supermajor to signal soaring third-quarter refining profits as wars in the Persian Gulf and Russia crippled fuel-making facilities. Higher refining margins added about $4.5 billion to ExxonMobil’s earnings, the company said in a preliminary earnings statement on Friday. That’s on top of the $4.1 billion the company made from refining in the second quarter. Live Events Europe Worries about France’s finances, now centered on the haggling over the budget, are set to drag on into the 2027 presidential election and beyond. With no clear idea of the way out, speculation is swirling about where this all ends. For Europe, it’s a nightmare scenario. Of particular concern are signs of spillover to other countries’ debt, evoking the specter of contagion — a term synonymous with the Greek debt crisis that almost ripped the euro area apart 15 years ago. Bloomberg Germany will press the European Union to quickly place quotas on additional sectors of goods being imported from China, replicating a cap the bloc is planning to impose on hybrid vehicles. Germany will seek EU safeguard measures to limit the import of goods from additional sectors, including chemicals, mechanical engineering and potentially pharmaceuticals, according to people familiar with the matter. Bloomberg Europe has spent decades shutting down coal-fired plants to combat global warming. Now the ones still left are experiencing an unexpected windfall. Soaring natural gas prices have transformed the economics of coal plants just as cold weather pushes up demand and fading solar output leaves Europe needing more conventional generation. Asia Bloomberg China’s export growth surged the most since February to drive global imbalances to new highs, with its trade surplus this year on track to exceed the $1.2 trillion record set in 2025. Shipments abroad soared 36% last month from a year earlier and imports jumped 31%, data released by China’s General Administration of Customs showed. Bloomberg The weakest monsoon since 2015 has curbed hydropower output, while hotter-than-normal weather has buoyed demand for air conditioning and farm irrigation. That’s seen coal-fired power stations, which supply about two-thirds of India’s electricity, rapidly burn through their inventories. Emerging Markets Bloomberg Indonesian stocks suffered their worst rout in nearly three decades after MSCI Inc. warned the country’s emerging-market status was in jeopardy, raising the prospect of its removal from global indexes and stoking fears of foreign capital flight. The benchmark Jakarta Composite Index tumbled nearly 12%, its biggest one-day decline since January 1998, in a selloff that triggered a 30-minute trading halt on Friday. Bloomberg Uganda’s central bank raised its benchmark interest rate by the most in 15 years at an emergency meeting to defend the shilling, after it fell to a record low. The East African nation’s currency on Tuesday stood at its weakest level since Bloomberg began tracking it in 1993 before paring losses. The shilling extended gains after Wednesday’s rate hike. World Bloomberg Global central banks are likely to head into 2027 with even tighter monetary-policy settings to keep inflation at bay. A year that began with the prospect of interest rates drifting lower across major economies looks set to conclude with a very different cycle crystallizing as officials increasingly act to tame consumer prices, according to Bloomberg Economics. Bloomberg Brazil economic activity rose modestly in August, underscoring the loss of momentum in Latin America’s biggest economy as voters prepare to choose their next president. Bloomberg El Niño is back and shaping up to be the most powerful on record. Heat and drought can intensify in some regions, while rainfall and flooding increase in others. The resulting disruption to crop and energy markets risks pushing up inflation and slowing economic growth. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now!

The policy and funding are already in place, and what remains is building to a standard that can stand in a field for 25 years, through every harvest View More

Several AI-driven technologies have also been listed in the draft plan, announced on Friday by the Ministry of Commerce and the Ministry of Science and Technology and titled “Announcement No. 48” View More

With about ?52,000 crore of capex, equity is fully funded using internal accruals, cash at hand and QIP proceeds. Net debt to EBITDA to improve to 5.9x by FY30E (F26:7.2x) and OCF post interest of ?3,000 crore View More

Physical oil can cost about $38 a barrel more to deliver, as tanker rates surge. View More

In this articleSHEL@LCO26ZFollow your favorite stocksCREATE FREE ACCOUNT GET THIS IN YOUR INBOX FIRST: Subscribe to CNBC's "Power Insider" newsletter. POWER POINTWhat I'm hearing from energy insidersOil, in reality, is $125 per barrel or higher.That's the real cost of a barrel of oil because buying the physical commodity is a very different story from a number on traders' screens.Oil futures are just that: paper contracts indicating a price today, tomorrow, next month or further out.  If you want to buy the physical commodity, it may be a totally different story — and price.As I've reported, prices for oil delivery have skyrocketed. Last week, a VLCC (aka a "supertanker" in non-shipper parlance) was chartered from the U.S. Gulf Coast to China for $76 million. Another very large crude carrier went for $77 million from the U.S. to South Korea. That's 10 times more than the price of the same trip less than one year ago.Zoom In IconArrows pointing outwardsAssuming these ships hold about 2 million barrels of oil, that charter price means each barrel on the ship costs about $38 over the price of the oil itself.I'm certainly not saying to avoid looking at oil futures prices, but you need to know that the price on the CNBC screen or CNBC.com isn't always the full price being paid. These days, any company that needs oil shipped by sea, rail or truck will pay a hefty premium over the price of the oil itself. So, while the volume of oil moving through Hormuz is closing in on pre-war levels, costs are not. And there's no sign that they're going anywhere but up.You know what else is up? The stocks of the shipowners. Look at their moves this month and this year. ***On a more serious note, I want to express my condolences for the awful attacks on the airport in Riyadh, Saudi Arabia. The cowardly strike on civilians—some of whom were religious pilgrims—took the lives of at least 14 people and injured more than 300.Zoom In IconArrows pointing outwardsThe airport was attacked at least three times as travelers and energy industry professionals from around the world were flying into Riyadh for the World Petroleum Council conference. I was scheduled to fly in on Saturday, but the trip was canceled because of the strikes. The WPC went on as planned — here's one panel that took place Tuesday — and I look forward to seeing all my global energy friends again soon.Thanks for reading—and watching. Be safe in these crazy and often scary times.BrianTHE ACTIONABLE INSIDERThe supercap oil and gas stock to watch right now is Shell (SHEL). Shell is not a shell of its former self. It's back to being what energy investors wanted: a major player in global energy, focused on what it does best. Shareholders are being rewarded.Shell hit a new high this week. While analysts remain bullish, the stock is getting close to its target price.Shell may be underappreciated for its huge liquefied natural gas business. RBC analyst Biraj Borkhataria writes: "Without a sustained resumption in Qatari volumes and with European storage levels below seasonal lows heading into winter, European gas prices continued on an upward trajectory in 3Q26. With HH broadly unchanged throughout the summer, export margins have increased to the widest levels seen since 2022, on our estimates nearly double the level in 2Q26 (~$13/mmbtu vs. $7/mmbtu)."Borkhataria expects Shell and other companies with huge U.S. LNG positions — TotalEnergies (TTE) and BP (BP) — to benefit from wider margins on exports to Europe.Speaking of RBC and energy, the firm lists ConocoPhillips as one of its top 30 global stock ideas. The company is covered by analyst Scott Hanold, who believes it has a "returns-focused value proposition, a strong balance sheet, and peer-leading distributions." He loves its "global and diverse" asset base and management's clear "investment propositions." Hanold has a $152 target on COP. That's more than 20% upside.In oil and gas, refiners and big energy stocks are generating cash for investors, and Morgan Stanley is optimistic more is coming.Zoom In IconArrows pointing outwardsThe firm says the diesel shortage is now spilling over into gasoline, potentially marking another leg of the "golden age" for refiners. Morgan Stanley has been revising its earnings estimates higher for companies including ExxonMobil (XOM), Valero (VLO), Phillips 66 (PSX) and PBF (PBF).Fun Fact →  While nearly every other company calls Texas home, refiner PBF is headquartered in a suburban office park just off a highway in New Jersey.Two big calls to quickly highlight in power production.First, Truist says you have to buy First Solar (FSLR). The analyst upgrades it to Buy with a $270 target. Tariffs should help the Phoenix-based company, giving it pricing power for at least four more years. The Section 232 tariffs—which are too complicated to detail here—should help First Solar raise solar module prices and boost earnings. We agree, having written about the company and stock back in July.Another call on the Power Insider radar: TD Cowen is starting coverage of TeraWulf (WULF) with a Buy rating and a $21 target. That indicates about 50% upside for the stock, but it's actually one of the Street's lower price targets. TeraWulf and other AI power companies have seen their stocks hit hard following months of big gains, but Cowen analyst Michael Elias says the valuation is now attractive and a likely lease in the second half of 2027 at a Kentucky location could be a catalyst.TAKE A LOOKIn the wake of the terror attacks on Saudi Arabia, we spoke with RBC Capital Markets' Helima Croft about the attacks, energy and more.watch nowVIDEO4:2804:28RBC’s Helima Croft on oil prices: We're in a transportation crisisPower LunchINSIDE LINEZoom In IconArrows pointing outwardsZoom In IconArrows pointing outwardsRANDOM, BUT INTERESTINGThe entire energy world is watching Europe's natural gas storage levels. The question is whether the continent will have enough gas to make it safely through the winter. Power Insider wrote about the topic in the last issue.The fact that JPMorgan highlights expected weather patterns should tell you how much temperature matters when it comes to gas storage. The early forecast calls for October and November to be average or slightly warmer than the 10-year average. The red line represents the 10-year average.Europe has been largely "saved" by mild temperatures over the past few years. Natural gas storage levels are lower this year than in years past, so the thermometer will matter a lot when it comes to how well countries can, ahem, weather the winter. Random, but interesting.Zoom In IconArrows pointing outwardsTHE GRIDContainer ship sinks in Strait of Hormuz as Iran steps up attacksIran says it's 'counting the moments' until it can strike U.S. warshipsDiesel squeeze set to last well into 2027 as Iran war disrupts supply, IEA saysCatch up with more on energy including interviews and video content from CNBC and Power Insider.    Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

Tata Power said the West Bengal government has shown a lot of keenness to promote rooftop solar adoption in the State under “Ghar Ghar Solar” initiative View More

Uttar Pradesh has installed over 900,000 rooftop solar plants, taking capacity to 3,000 Mw, with daily additions of 9-10 Mw and an estimated 100,000 direct jobs created View More

Tom Green, an Iowa farmer, backs the Folsom Lake Solar Project after it secured the green light from the Mills County Zoning Board. This initiative is set to ensure reliable income through long-term land leases amid tough farming conditions. It promises to produce a substantial amount of electricity, enough to power many local homes, while also creating jobs and boosting tax revenues. View More